Having Bitcoin at this time is a very big achievement for anyone who has it now, but as everyone one may know no condition is permanent in the market you may have the up and downs loss and profit depending on how you strategically plan your personal business.
Now I observed that Bitcoin is like a gamble of football game whereby you go to the bet shop book your bet and wait for what will come sometimes you win sometimes fear can make you cash out after your cash out you may be lucky and sometimes you might lose something you would have gotten if you had waited.
Same to Bitcoin patience matters alot you may sometimes sell your Bitcoin because of fear of depreciation in value exchange while some still hold on to it
I just discovered that Bitcoin most times depreciates in day time but when it gets to late hours at night it increases its exchange value I don't know if anyone has this observation as well
So for me in this situation you can buy your Bitcoin at day time and trade it at night when it adds
But it is very important to watch at it carefully.
Well,your analysis is quite okay,but you shouldn't see Bitcoin as a form Gamble.
I think the only best time to trade Bitcoin, taking into consideration the ups and downs in the market, can vary based on several factors. However, here are some general tips that traders often consider:
Market Analysis: Before trading Bitcoin, it's crucial to analyze the market trends, historical data, and news that may impact the price of Bitcoin. Technical analysis and market sentiment can help identify potential entry and exit points.
Volatility:Bitcoin is known for its high volatility, so traders often look for periods of increased volatility to capitalize on price movements. This can occur during certain times of the day or week.
Trading Volume: Higher trading volume typically indicates more liquidity in the market, making it easier to buy or sell Bitcoin without significant price slippage.
Global Market Hours: Bitcoin trades 24/7, so traders should consider the trading volume during different global market hours. For instance, increased trading activity during Asian or European market hours may present trading opportunities.